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What was China hoping to accomplish with Admiral Zheng He's fifteenth-century explorations?
Federal Tax Structure
The system by which the U.S. government finances its operations through the imposition of taxes on individuals, corporations, and other entities, including income tax, corporate tax, and sales tax.
Average Tax Rate
The ratio of the total amount of taxes paid to the total income of the taxpayer, showing the percentage of income paid in taxes.
Regressive
Pertaining to a tax system where the tax rate decreases as the taxable amount increases, placing a higher burden on lower-income individuals.
Personal Income Tax Revenue
The income generated by the government through the taxation of individuals' earnings.
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